![]() ![]() Those coins would then be deposited at the Federal Reserve, which by law would be required to recognize them as legal tender. Here’s how it works: the Treasury would make the coins, each worth $1 trillion. The bill is based on the “Mint the Coin” theory. “It’s going to allow us to do recurring payments in a much more aggressive and inclusive way,” Tlaib said. In the Automatic BOOST to Communities Act, Congresswomen Rashida Tlaib and Pramila Jayapal propose the government mint two trillion-dollar coins to provide more stimulus checks. “The concept is uniquely different, but we’re in a historical time in our country,” said U.S. And that number could jump, depending on how much economic relief is needed during the COVID-19 pandemic.īut two members of Congress say they have a way to provide financial aid to struggling Americans, without adding to the deficit. The federal debt is at a record high - nearly $25 trillion. ![]()
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